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NW Indiana | You are correct on the sarcasm. Lines on a chart do not determine where price is going. Those lines might determine a range or the possibilities/probabilities of where price is heading. But no chart will predict if the national yield for soybeans will be 45 or 55 next year. Those two numbers would have a dramatic difference in outcome of price. In both cases you might be able to draw lines showing what the likely result of those yields would be but that would also prove that you can not predict the future with a chart since you don't know which outcome you will have. Fundamentals matter, always have and always will. The trade between determining the supply and demand is just noise, in which maybe a chart can really help. It is just the basic universal laws of the universe. | |
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Interesting Corn Fork
